How to Start a Profitable Jewellery Business | Ft. Sumit Garg | Sanjay Kathuria Podcast EP57

How to Start a Profitable Jewellery Business | Ft. Sumit Garg | Sanjay Kathuria Podcast EP57 In this episode of the Sanjay Kathuria Podcast, we host Sumit Garg, Indian entrepreneur and jewellery expert, Founder of Delhi Diamonds & House of Rings, and Co-Founder of Luxury Ride, recognised among Economic Times 40 Under 40 . With over 15+ years of experience in wholesale, manufacturing, and retail jewellery, Sumit shares a complete masterclass on how to start, scale, and succeed in the jewellery business. From choosing the right niche to building a profitable retail store, this episode breaks down the real business behind jewellery. This Part 2 conversation dives deep into retail jewellery business models, franchise insights, inventory management, storytelling strategies used by global brands, and hidden opportunities in gold, diamonds, and silver markets. If you want to start a jewellery business in 2026 or expand your retail presence, this episode is a must-watch. 📘 What You’ll Learn ✅ How to start a retail jewellery business from scratch ✅ Minimum capital required to start today ✅ Why micro-niche is the future of jewellery ✅ Gold vs diamond vs lab-grown sales ratio ✅ Best jewellery niche to start (rings, gemstones, etc.) ✅ How to build a profitable jewellery franchise ✅ Inventory management strategies for jewellers ✅ How global brands use storytelling to sell ✅ ROI expectations from jewellery business ✅ Biggest mistakes new jewellers must avoid ⏱️ Timestamps 00:00 – Podcast Teaser 01:30 – Guest Intro - Sumit Garg 02:31 – Engineering to Jewellery Journey 05:19 – Wholesale to Retail Transition 05:45 – Why He Shut Down a Profitable Business 07:32 – How He Started Retail Jewellery Business 08:56 – Why Retail Jewellery Business is Not Scalable 09:33 – How House of Rings Was Started 10:30 – Franchise vs Own Store 12:28 – How to Enter Jewellery Business 13:02 – Capital Required to Start Today 14:33 – Why Micro Niche is the Only Way 16:50 – Why Rings are t